Democrats Urge Limit on Offshore Tax Moves

Proposed relocations such as Pfizer's trigger congressional response.

By Richard Rubin, Bloomberg|May 08, 2014 at 12:18 PM

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Senator Carl Levin said he is writing legislation to block U.S. companies from shifting their legal addresses overseas to lower their tax bills, and Senate Finance Chairman Ron Wyden said he is considering quick action.

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